Tech in South Africa

Telkom Financial Services has launched the Telkom Pay Mobile Point-of-Sale (mPOS) app, a fintech tool that allows small, micro, and medium business owners to make and receive payments through their mobile phones. Telkom says that the said businesses will be able to use the app anytime and anywhere. The South African telecom provider says it is committed to providing SMMEs with solutions that will enable them to fully participate in the digital economy. Through the app, business owners can register and receive payments in a matter of minutes. “The COVID-19 pandemic has accelerated the need for businesses to digitize their operations and become fully immersed in the digital economy. The app will enable businesses, who normally only take cash payments, to reach a wider customer base. It enabl...